Residential land joint venture
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News Realty Limited
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Joint venture opportunity Premium Waterfront Development Site -- Veritas Island by Orange Island, Lekki Phase 1, Lagos A 50/50 Joint Venture Opportunity Location: Veritas Island by Orange Island, Lekki Phase 1, Lagos. Land Size: 20,000m² (Available in 10,000m² Lots) Title: Lagos State Certificate of Occupancy (C of O) Investment Highlights Total Land Value: ₦20 Billion Land Rate: ₦1,000,000 per m² Premium: ₦500 Million per 10,000m² Joint Venture Structure: 50/50 Profit Sharing Development Height: Maximum G+2 (Ground Floor + 2 Upper Floors) Facilitator's Fee: 10% of the Land Value, payable in cash, completed units, or a combination of both. Why This Opportunity Stands Out Prime Waterfront Address Veritas Island by Orange Island is one of Lagos' most prestigious waterfront locations, offering exceptional long-term capital appreciation and strong market demand. No Outright Land Purchase Develop through a 50/50 Joint Venture structure. The developer pays the agreed premium, funds the development, and shares the completed project in accordance with the JV agreement. Infrastructure Advantage The landowner provides the primary infrastructure, including roads and Independent Power Plant (IPP), while the developer focuses on internal development and construction. Secure & Bankable Title The property is covered by a Lagos State Certificate of Occupancy (C of O), making it suitable for financing, institutional investment, and mortgage-backed sales. Proof of Funds (POF) Proof of Funds is required before inspection, release of due diligence documents, and commencement of negotiations. Contact N.e.w.s Realty Limited Email: [email protected] [email protected] WhatsApp / Call: +234 813 714 3886 +234 813 743 9166
Who'd have guessed that Lekki Phase 1, one of Lagos' most luxurious neighbourhoods, was formerly a slum?
There are several types of shopping malls in Lekki Phase 1 if you want to go shopping. Restaurants, game centres, retail boutiques, cinemas, and other amenities are available at some malls.
Lekki Phase 1 is a prime location for luxury estates because it is a well-planned residential government scheme. There are a number of private estates within its walls. Almost all of them are gated to ensure the safety o...
Due to Lekki's affluent residents, the area has a lot of social hotspots. Weekends are usually jam-packed with visitors from all over who want to unwind after a long week at work. If you're looking to have a great time i...
Do you want to chill with the ‘Lekki Big Boys & Girls’? Then go nighttime exploring in Lekki Phase 1. Lagos is known as the city that never sleeps, and the residents of Lekki understand the assignment. They are alway...
Aside from entertainment and recreation, Lekki Phase 1 provides quality education to its residents. It is home to some of Lagos State's most prestigious schools.
Read the full area guide for Lekki, Lagos
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